Yes, and we can also measure the inflation rate, which is pretty flat: https://tradingeconomics.com/united-states/inflation-cpi

So why don't these two line up? I submit two candidate explanations:

a) inflation is actually more an exchange-rate phenomenon, especially vs the dollar, so printing dollars or virtual M2 dollars makes remarkably little difference;

b) CPI does a poor job of capturing cost-of-living due to housing.